Porvair plc (LON:PRV) Declares Dividend of GBX 4.20

Porvair plc (LON:PRV) announced a dividend on Monday, February 10th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 4.20 ($0.06) per share on Wednesday, June 4th. This represents a yield of 0.64%. The ex-dividend date is Thursday, May 1st. This is a 100.0% increase from Porvair’s previous dividend of $2.10. The official announcement can be viewed at this link.

Porvair Trading Up 0.2 %

Shares of LON PRV opened at GBX 727.17 ($9.77) on Tuesday. The business’s 50 day moving average is GBX 692.38 and its two-hundred day moving average is GBX 683.16. The company has a debt-to-equity ratio of 19.67, a current ratio of 1.83 and a quick ratio of 1.22. Porvair has a 1-year low of GBX 599 ($8.05) and a 1-year high of GBX 768 ($10.32). The stock has a market capitalization of £332.72 million, a P/E ratio of 21.56 and a beta of 0.76.

Porvair (LON:PRV) last issued its quarterly earnings data on Monday, February 10th. The company reported GBX 38.60 ($0.52) earnings per share for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. As a group, research analysts expect that Porvair will post 39.0358613 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ben Stocks sold 70,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of GBX 716 ($9.62), for a total transaction of £501,200 ($673,384.39). 21.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “hold” rating on shares of Porvair in a research note on Tuesday, April 15th.

About Porvair

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.